Phoenix Group Holdings (GB:PHNX) has released an update.
Phoenix Group Holdings PLC has announced its decision to redeem all of its £250,000,000 Fixed Rate Reset Callable Tier 2 Subordinated Notes due in 2029 at their principal amount plus accrued interest by the first call date on 13 June 2024. This early redemption is in accordance with the terms set out in a trust deed dated 22 July 2020, with payment procedures to be carried out through Euroclear and Clearstream banking systems. The company notes that redemption may be deferred if a regulatory deficiency event occurs on the redemption date.
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